Cryptocurrency markets consolidated on Friday, as bulls marginally pulled back following strong gains in yesterday’s session. Bitcoin fell slightly below $24,000, as prices were once again unable to move past a key ceiling. Ethereum was also lower, however continued to trade close to $1,900. Bitcoin Bitcoin (BTC) prices fell marginally lower on Friday, as crypto
Spain has said an additional link in a gas pipeline from the Iberian peninsula to France could be ready within nine months after Germany backed the idea of linking the region to central Europe to improve the continent’s energy security. Spanish energy and environment minister Teresa Ribera said on Friday that a new section of
Before our Lunch has even begun, Toto Wolff has bent the FT’s rules. It is hard enough to pin down the globetrotting leader of Mercedes’ Formula 1 team to a specific continent, let alone a city, so when his handlers suggest a late dinner in Wolff’s native Vienna rather than a rushed midday meeting, I
In this article UP POSH TOST ILMN RIVN HNST Check out the companies making headlines before the bell: Honest Company (HNST) – Honest Company’s stock rose 1.6% in the premarket in spite of a wider-than-expected quarterly loss. The natural consumer products maker now sees a wider full-year loss than previously thought, due to cost pressures,
Authorities in the Netherlands have arrested a developer that is suspected to be involved in money laundering through the crypto mixing service Tornado Cash. The Fiscal Information and Investigation Service (FIOD), an agency in the Netherlands responsible for investigating financial crimes, officially announced on Friday an arrest of a 29-year-old man in Amsterdam. The man
Count me among those who believe the wheels of US justice should turn as surely for Donald Trump as for any ordinary criminal suspect. No man is higher than the law etc. Yet I cannot help worrying that the Republican party’s response to this week’s FBI raid on Mar-a-Lago has pushed America’s democratic predicament into
Anna Williamson has been hunting for a flat in London since January. In that time, average rates for new mortgages have jumped multiple times, each limiting the pool of what she can buy. Grace and Howard are anxiously waiting to see how much further the cost of borrowing will have risen by September, when they
Major Brazilian payment application PicPay is moving into cryptocurrencies by integrating a crypto exchange service allowing users to buy Bitcoin (BTC) and Ether (ETH). The firm officially announced on Wednesday that PicPay clients can now buy, sell and store two major cryptocurrencies, BTC or ETH, directly on its app. PicPay pointed out that its choice
Mercado Libre, one of the biggest retailers in Latam, has announced that it plans to expand its cryptocurrency trading services to more countries in the region. The company, whose cryptocurrency services are now just available for customers in Brazil through Mercado Pago, its payments and digital wallet, already has more than 1 million customers using
European shares rose on Friday as investors balanced signs of steadying inflation in the US with questions over the global economic outlook. The Stoxx Europe 600 added 0.4 per cent, while Germany’s Dax rose 0.6 per cent. London’s FTSE 100 moved 0.5 per cent higher. Those moves came as fresh data showed that the UK
The UK economy contracted in the second quarter, with households cutting spending as the cost of living crisis began to bite and health sector output falling as Covid cases and testing declined. Gross domestic product, the measure of the quantity of goods and services produced, fell 0.1 per cent in the second quarter of the
Picpay, a payments and wallet app, is now providing cryptocurrency services to more than 30 million users in Brazil. The company, that had announced this rollout last month, now allows its customers to purchase, hold, and sell digital assets from its platform. The organization partnered with Paxos, the issuer of the pax dollars stablecoin, in
After years of waiting, Ethereum is finally prepared to become a full-fledged proof-of-stake (PoS) blockchain. Besides Ethereum’s native token Ether (ETH), the valuation of several other tokens have not only benefited greatly, but could also keep outperforming ETH after the Merge. Ethereum steps closer toward the Merge The leading smart contract platform completed the last of
In this article CAPN-SG Real estate investors are now being “careful and prudent” about deploying capital in the face of growing economic uncertainty around the world, said leading Singaporean property investment manager CapitaLand Investment. Its half-year financial results on Thursday revealed that CapitaLand Investment’s profit fell 38% to $433 million Singaporean dollars ($316 million) for
Big-name money managers are stampeding into digital assets, finding new ways to monetise investor interest even as trading volumes and prices for bitcoin and other cryptocurrencies have slumped. FTSE 100-listed Abrdn this week became the latest investment house to take the plunge, by buying a stake in a regulated UK digital assets exchange Archax. The
Crypto mining companies have seen their stock prices increase as much as 120% over the last month, amid rebounding crypto asset prices, higher mining profitability, and sharp increases in BTC production. Crypto mining companies Marathon Digital Holdings (124.12%), Core Scientific (110.39%), Hut 8 (98.95%), and Riot Blockchain (96.69%) have seen their stock prices rocketing upwards
With the fall of Kabul on August 15 2021 and the Taliban’s reinstatement of the Islamic Emirate of Afghanistan, women across the country had to find ways to cope with their lives being turned upside down swiftly and unexpectedly. A group of women writers aged 22 to 60, from different provinces and ethnic groups, found
The government long insisted it was not going to introduce a windfall tax on soaring energy company profits. It has now done one and repeatedly threatened another. All while various ministers mutter that they do not believe in the entire endeavour. Electricity generators came under government pressure this week to show plans to boost investment
Boris Johnson briefly chaired a crisis meeting with energy companies on Thursday as a riposte to claims that he is leading a “zombie government”, but all big decisions have been put on hold until a new UK prime minister is in place. Civil servants may be working behind the scenes on policy options for the
The Ethereum Merge may be coming sooner than planned, after core developers announced a tentative Merge date of Sept. 15, which will see the blockchain transition to Proof-of-Stake. The Ethereum mainnet Merge date came into view after core developers such as Tim Beiko and Prysmatic Labs co-founder Terence Tsao agreed in an Aug. 11 developer